5 Reasons Why AI Healthcare Is the Future
As the healthcare industry undergoes a digital transformation, the role of technology is becoming increasingly important. A recent report from CB Insights highlights that the global pandemic exposed inefficiencies in the current healthcare system, underscoring the necessity for alternative solutions when resources fall short, or doctor visits become challenging.
Digitizing healthcare systems saw a sudden acceleration as providers sought ways to access and manage a surge of patient data. The COVID-19 pandemic has pushed the healthcare industry, traditionally resistant to change, towards rapid innovation. Venture capitalists seized the moment by delivering record levels of funding to medical-related start-ups ranging from telemedicine to AI healthcare in 2020. Healthcare start-ups raised $80.6 billion in 2020, with AI healthcare start-ups alone raising $2.3 billion in Q4 2020. These investments are expected to grow, reaching $28 billion by 2025.
AI Healthcare is Gaining Momentum
Microsoft’s recent $19.7 billion acquisition of Nuance, a company specializing in speech recognition and conversational AI services, exemplifies the current momentum. According to an American Medical Association study, more than 50% of physicians spend two hours on administrative work for every hour of patient care. This inefficiency impacts patient experience, as they often wait longer and receive less focused attention.
A good patient experience involves:
The right AI healthcare system can enable physicians to provide high-quality care, improving patient encounters and satisfaction.
Challenges in Healthcare
Artificial intelligence and machine learning excel at solving well-defined, verifiable problems. However, the field of medicine poses complex challenges where outcomes can be unpredictable. For instance, two seemingly similar cancer patients might have vastly different outcomes. Intelligent AI systems can bridge this gap by undergoing extensive training and learning from vast amounts of data.
5 Reasons Why AI Healthcare is the Future
1. Digital Consultation
AI healthcare systems leverage deep machine learning from various use cases to ask relevant questions based on patients' health records, improving over traditional consultation apps. Advanced natural language understanding, automatic speech recognition, and text-to-speech capabilities enable AI systems to comprehend complex sentences and address patient queries effectively.
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2. Clinical Documentation
The pandemic has burdened healthcare providers , yet they strive to deliver quality patient care with limited resources and outdated documentation solutions. Documentation is vital for patient care. Many hospitals still rely on paper-record systems, but embracing cloud-based clinical speech recognition systems allows physicians to capture patient stories more efficiently, alleviating documentation burdens.
3. Efficient Diagnosis
A recent study found that 15 diseases account for about half of all serious misdiagnosis-related problems. AI healthcare systems can improve diagnostic certainty by streamlining patient history, physical exams, and medical decision-making. For example, AI-based applications can detect cancer cells early, providing ways to prevent their rapid growth.
4. Smart Drug Discovery
AI systems can revolutionize medicine development by analyzing vast databases to identify potential therapies for severe diseases like cancer, diabetes, and cirrhosis. With deep machine learning and analytics capabilities, healthcare AI can accurately spot trends and patterns in medicine, aiding scientists in tracking drug development.
5. Virtual Patient Care
Physicians cannot always attend to patients, posing a challenge for those needing regular care and check-ups. AI healthcare chatbots provide continuous support, allowing patients to enter their issues and receive immediate responses. Advanced AI chatbots can analyze handwritten text and images, diagnose conditions, and provide medication recommendations, mimicking human interaction.
AI Healthcare Outreach
The complexity and volume of data in healthcare have increased the need for AI in diagnosis, treatment recommendations, patient engagement, and administrative activities. AI technology's future is bright as it redefines clinical workflows, helping:
AI healthcare systems help mitigate data risks, reduce diagnostic errors, and ensure operational efficiency, leading to significant patient recovery improvements. AI is transforming patient care and administrative processes across provider, payer, and pharmaceutical sectors.
How Bluebash helps in AI Healthcare ?
Artificial intelligence is a boon to the healthcare industry, improving diagnostics, patient care, and hospital efficiency. AI simplifies tasks typically done manually by humans, saving time and costs. Bluebash is a leading web development company , specializes in creating AI-powered healthcare applications that enhance patient outcomes and streamline medical processes. We have transformed several healthcare leaders into modern providers by optimizing their revenue, cost, and quality. You need to check how a custom AI solution can be a game-changer for your healthcare industry.